Galan Lithium's At-the-Market Raise Announcement

Galan Lithium Limited (ASX: $GLN) has successfully raised $2,250,000 through the utilization of the At-the-Market Subscription Agreement with Acuity Capital. The raised funds, inclusive of costs, were obtained by the set-off of 7,950,000 Galan collateral shares previously issued to Acuity Capital under the ATM. These funds will be directed towards the further development of the Hombre Muerto West lithium brine project in Argentina and working capital.

Executive Commentary on Fund Utilization

The funds raised through the Set-off Shares will play a crucial role in advancing our Hombre Muerto West lithium brine project in Argentina. This strategic move aligns with our commitment to the development of our flagship assets, HMW and Candelas, and underscores our dedication to maximizing the potential of these world-class lithium brine projects. We are confident that this financial boost will contribute significantly to our ongoing efforts in the lithium exploration and development sector.

Summary of Galan Lithium's Announcement

Galan Lithium Limited (ASX: $GLN) has successfully raised $2,250,000 through the Set-off Shares, which will be utilized for the further development of the Hombre Muerto West lithium brine project in Argentina and working capital. The Set-off Shares, with a deemed price of $0.283 per share, reduce the collateral shares that Acuity Capital is required to return to the Company upon termination or maturity of the ATM. This funding injection reflects Galan's commitment to advancing its flagship assets, HMW and Candelas, and underscores its dedication to maximizing the potential of these world-class lithium brine projects. The company's focus on strategic utilization of funds aligns with its long-term corporate strategy and commitment to sustainable growth in the lithium exploration and development sector.